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Following Donald Trump's widening lead in the U.S. presidential election, shares of Sichuan Wisdom Co. Ltd. (川大智胜), which phonetically resembles 'Trump wins big' in Mandarin, surged significantly. This increase in stock value reflects the reactions of Chinese investors to the election outcomes. In contrast, stocks associated with Kamala Harris saw declines. Additionally, various Chinese meme stocks experienced price increases of 15% to 20% over the past five days, driven by their names, including 哈三联 (Hahaha), 哈尔斯 (Harris), and 莎普爱思 (Kill Trump Love Harris). The phenomenon highlights the interplay between U.S. politics and Chinese market sentiments, particularly in the context of the so-called 'Trump Trade.'
Shares of a Chinese company that sounds like “Trump wins big” to Mandarin speakers jumped as Donald Trump widened his lead in the presidential vote, while a stock that sounds like Kamala Harris declined. https://t.co/cFvJe7OmTc
Shares of a Chinese company that sounds like “Trump wins big” to Mandarin speakers jumped as Donald Trump widened his lead in the US presidential vote, while a stock that sounds like Kamala Harris declined https://t.co/dDtz9P2N6E
The funniest news involving China’s online reactions to the U.S. elections has to be the sudden surge in stock value for a company called Sichuan Wisdom Co. Ltd. (川大智胜). This spike occurred simply because the company’s name sounds like "Trump winning." https://t.co/p23QOOizpG
